The Commission would assess it "rigorously against the European regulatory framework," it said, and the project would have to comply with environment, competition and public procurement rules.

“There are a lot of gas projects under development in the world, and that will drive demand for more ships,” Kim said Oct. 28. “Growing environmental concerns also are pushing demand for more gas-powered power plants, which means there will be more demand for gas.”

Referring to the Nord Stream projects I & II, former Deputy Prime Minister of Poland Janusz Steinhoff said: “From the point of view of domestic diversification and policy, these projects are extremely irrational, because these are examples of bypassing various regulations to liberalize the gas markets which are in place in the European Union. In other words, Nord Stream I & II are not subject to regulation that gas pipelines running through the EU are, and this is an evident example of an irrational approach and a lack of solidarity in Europe.”

Turkey said in February it struck a deal giving it a 10.25 percent price discount on gas from Russia's Gazprom but that accord was not signed and state pipeline operator Botas said last week it had appealed to the International Chamber of Commerce (ICC) after months of fruitless talks. "An agreement was clinched on the 10.25 percent, therefore we are taking that as our base level, but will seek a higher discount at international arbitration," Alaboyun said in an interview.

Torres-Barron noted that gas demand in Mexico “has increased significantly in the last decade and it keeps growing at almost a 4% yearly rate,” which will result in transportation infrastructure being expanded in length by 84%.

"Energy resources are plentiful. Concerns over running out of oil and gas have disappeared," Eyton said at the launch of BP's inaugural Technology Outlook.

"If both countries agree on the discount, progress can be achieved on the Turkish Stream Natural Gas Pipeline project, which both countries will benefit from economically"

Sakhalin II is one of the most successful export projects targeting the Asian-Pacific region. The key to success lies in integration: it is managed and operated by Sakhalin Energy Company and its shareholders: Gazprom (50% and 1 share), Shell (27.5% minus 1 share), Mitsui (12.5%), Mitsubishi (10%).

Long term, US LNG, will be cheaper on a cost basis than LNG from most of the rest of the world, according to Kimball Chen, Chairman, Energy Transportation Group.

U.S. Rig Count is down 12 rigs from last week to 775, with oil rigs down 16 to 578, and gas rigs up 4 to 197. U.S. Rig Count is down 1,154 rigs from last year at 1,929, with oil rigs down 1,004, and gas rigs down 149. The U.S. Offshore rig count is 33, down 2 rigs from last week, and down 20 rigs year over year.

Зигмар Габриэль заявил о заинтересованности Германии в реализации проекта «Северный поток-2».

During the 3-month period ending Sept. 30, an overall total of 51 oil and gas deals took place, accounting for $91.2 billion, which was higher than the 47 deals worth $38.8 billion that occurred in the previous quarter, but still down from the 83 deals worth $125.7 billion that occurred in third-quarter 2014.

Even under the evolving market conditions, Gazprom is confident that it can retain its competitive position and market share in the Asia-Pacific region.

France has confirmed its interest in the Nord Stream-2 project, Russia’s Energy Minister Alexander Novak told reporters.

The United Arab Emirates (UAE) was the world's sixth-largest oil producer in 2014, and the second-largest producer of petroleum and other liquids in the Organization of the Petroleum Exporting Countries (OPEC), behind only Saudi Arabia. Because the prospects for further oil discoveries in the UAE are low, the UAE is relying on the application of enhanced oil recovery (EOR) techniques in mature oil fields to increase production.